Freedom, PA Divorce Buyout in Pennsylvania
Since 1979 Somerset Investors Corp. Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Pennsylvania, offering its expertise in many of the circumstances that life brings to many homeowners. In most cases Somerset has been able to provide lower payments for the spouse remaining while giving large cash outs to the other. Our Divorce Buyout Loan Specialists work with you to determine how much of a loan you need and what it will cost to refinance.Following is an example of how Divorce Buyout works:
Example: John and Jane own a house valued at $500,000, with a mortgage (or mortgages) that total $300,000. If you subtract the value from the total loan about ($500,000 - $300,000) you get the equity of the house, in this case $200,000. If John and Jane split their assets 50-50, each have $100,000 equity in the house. Therefore, if John wishes to keep the house, he would need to refinance the mortgage(s) with a total loan amount of $400,000 and use the remaining $100,000 to buy out his spouse.
Return to divorce buyout in the state of PA
| Freedom, Pennsylvania News |
Shark to stand at Pin Oak Lane
Multiple stakes-placed winner Shark will stand the 2009 breeding season at Dr. William J. Solomon's Pin Oak Lane Farm in New Freedom, Pennsylvania.
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A grand country no more
Editor, New Era: Folks I would like to thank for the presidential election: Blacks for voting on skin color , not thinking about policy.
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Pair ordered to court over downtown shooting
Two men accused in the shooting of a third man were ordered held for court yesterday.
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Parents Discuss Violent Rivalry Between Bethlehem Schools
The Bethlehem Area School Board is taking partial responsibility for an ongoing rivalry that recently turned violent.
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Leg Up loan bolsters dream
T humbs Up to Lou Castriota Jr. of New Freedom and his planned not-for-profit Leg Up Farm therapeutic facility for special needs children on the receipt of $5.6 million in loans to make the project a reality.
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Lincoln celebration is getting a new spark
The bicentennial of Abraham Lincoln's birthday on Feb. 12, 1809, is taking on new meaning because of an event preceding it by just a few weeks.
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Professor's Book is Published
Dr. Bethany Hicok , Westminster College associate professor of English, is the author of Degrees of Freedom: American Women Poets and the Women's College, 1905-1955 that was recently published by Bucknell ...
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Zavata to stand at Pin Oak Lane Farm
Multiple Grade 2 winner Zavata will stand the 2009 season at Dr. William J. Solomon's Pin Oak Lane Farm in New Freedom, Pennsylvania.
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Freedom of attire preserved for voters
Fear not, voters. You will not have to ditch your McCain button or your Obama T-shirt when you enter the polls in Chester County on Nov.
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Freedom Area School District to spend less, send bigger tax bill to homeowners
The Freedom Area School District will spend less money but send a higher tax bill to homeowners under a revised budget.
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Speeders' to ride on idle railroad tracks
Four railroad work cars known as "speeders" recently traveled the rails to the Kinzua Bridge State Park in preparation for a private excursion later this month.
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Take heed: Freedom has risks
Benjamin Franklin noted that. A German of the time has other lessons for Pa. today. Grant Calder teaches history at Friends' Central School In the mid-18th century, a German named Gottlieb Mittelberger came to ...
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Beaver Co. Man Busted Using Bogus Bar Codes
Police arrested a Beaver County man for taping counterfeit UPC bar codes on store items before purchasing them.
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Editorial...'Long Walk to Freedom' Oct 6. is final day to register
In 1994, when South Africa held its first all-race general election where Nelson Mandela emerged as that nation's first Democratically elected president, all hell broke loose.
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Community briefs Sept. 25, 2008
Friends of Music at Holy Trinity Lutheran Church present the Konevets Quartet at 8 p.m. Friday in the church at Penn Avenue and Clinton Street in Greenville.
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Growth cushions tax bills in Freedom school district
Freedom schools will send a bigger bill to their district this year - but homeowners will pay less than they did last year.
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Eyewitness at Gettysburg
Imagine you have a front-row seat for one of the most dramatic battles ever fought on U.S. soil.
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Beaver County Repairs Continue
The lights are slowly coming back on in Beaver County, though thousands of people are still without power and water.
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Freedom Is Not Free
Tuesday, September 16, 2008 Step right up, ladies and gentlemen. For just five juicy, fat clams, only five shining smackeroos, you can get a nice 8 by 10 glossy photo of yourself smiling alongside the lady of ...
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Remembering 9/11 in Montour County
The Rev. Michael Greenaure of Trinity Lutheran Church in Danville speaks at a Sept.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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